Ngozi Okonjo Iweala, Finance Minister
As part of the Federal Government’s renewed commitment to ensure availability of petroleum products at subsidised prices, the Federal Ministry of Finance has stated that it had paid a total of N192, 502, 279, 966.50 as subsidy claims to marketers since the beginning of 2013.
The Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Mr. Paul Nwabuikwu, said in a statement yesterday that of this figure, N135,696,269,214.05 was paid to the marketers in respect of verified arrears of 2011 and 2012 claims.
Nwabuikwu said the balance of N56,806,010,752.45 was paid to 19 marketers in respect of 2013 verified claims for 39 different transactions as at June 10, 2013.
He said the payment was in line with the continued commitment of the Federal Ministry of Finance to manage fuel subsidy payments in a transparent and efficient manner that protects and enhances the interests of the Nigerian people.
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